Two-Level Attention Model of Representation Learning for Fraud Detection

• Published in: IEEE transactions on computational social systems Vol. 8; no. 6; pp. 1291 - 1301
• Main Authors: Cao, Ruihao, Liu, Guanjun, Xie, Yu, Jiang, Changjun
• Format: Journal Article
• Language: English
• Published: Piscataway IEEE 01.12.2021; The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
• Subjects: Attention mechanisms; Datasets; Deep learning; Feature extraction; Fraud; fraud detection; Learning; Representation learning; Representations
• ISSN: 2329-924X; 2329-924X; 2373-7476
• DOI: 10.1109/TCSS.2021.3074175

Fraud detection has attracted significant attention in financial institutions, especially utilizing some artificial intelligent methods to automatically detect fraudulent transactions. With the study and application of intelligent fraud detection technology, scholars found that the representation learning method can reveal more information about fraud patterns, which is also crucial for detection task. Therefore, in this work, we present a novel method for detecting fraud transactions by combining two modules learning hidden information at different levels of data in a unified framework. To address and explore the deep representation of features of transaction behaviors, we propose a two-level attention model to capture them by integrating two data embeddings at the data sample level and the feature level. In particular, the sample-level attention model captures the detailed information more centrally that is difficult to determine; the feature-level attention model extends the information of feature dependences. We further combine them to train a final fraud detection model. Extensive experiments are conducted using a data set provided by a financial company in China and several public financial data sets. The results confirm the effectiveness of our proposed method in detecting fraudulent transactions compared with other state-of-the-art methods.